The Weekly bar closed as a small Doji inside bar, inner to the a wider range bar of the previous week that closed in the middle. This current behavior implies more sideways action for the rest of this month. A small daily inside range signal can trigger if the coming week starts by taking out Read More
Author: Gil Ecker
Opposed to the previous Weekly bar which was an inner bar to the Daily bar of Friday, September 30th, – the passing week has extended that same Friday’s bar to both sides. The market extended upward by a false thrust up that stalled on the Daily 50 SMA, and so far the extension down has been a false Read More
Unlike other stock markets, the American main indices closed a narrow range week, an inner bar of the previous week (or 2 weeks as in the Nasdaq and Russel). The Dow wasn’t different. More than that, the whole Weekly price action was inside to the previous Friday’s bar, September 30th, and it took place on Read More
The Dow Futures closed the Quarterly bar with a wide wick above. The Monthly bar closed as a LH LL bar, in the middle after the last 3 Monthly bars didn’t manage to touch the upper Bollinger band. The Weekly bar closed on the 8 EMA short term sentiment line, but as a LH LL Read More
As expected, the market has made a HH HL Weekly bar, closing rather weak. The target for the bullish setup given here last week has been achieved. The signs of weakness are seen clearly on the Monthly timeframe where the last three Monthly bars couldn’t reach the upper Bollinger band, and the current Monthly bar Read More
Not surprisingly the market has been consolidating through out the passing week, leaning on a clear support at levels 17830-17924. The price has already retraced about 50% of the post Brexit bullish wave. For the midterm (e.g. the Monthly) it is currently still bearish, unless we see rejection of the current bearish formation by a Read More
The market has changed mood completely throughout the passing week. The week has started with a negation of a previous bearish setup, i.e. turned bullish as suggested in the last review, but this thrust up held for only one day, has turned false before a sharp decline down, mainly on last Friday. The above price Read More
The month of August has closed as a Doji much below the upper Bollinger Band than should expected in true bullish cases. This is a sign of weakness for the midterm, although the market has currently series of bullish signals and targets, the longer distance targets might be achieved only after a serious correction. Read More
The Dow was the weakest among the main American indexes throughout the passing week. Unlike the others (SP500, Nasdaq and the Russel) it didn’t make a Weekly HH. The monthly bar of August which is about to close in the coming week looks currently weak, rather far from the upper Bollinger Band, a loss of the Read More
Another HH HL week has passed, new all time High at 18623, still creeping, typical for August when participants show less interest in the markets, and the volume lowers gear. As expected in the last review, the market reacted soon as it reached the previous Daily bullish setup (missed the target 18625 by two points) Read More